MIAMI-South Florida’s office market continued its recovery in the third quarter, according to the latest statistics from Cushman & Wakefield. But much of the glut of space that flooded the market in early 2010 still sits empty even as the flight to quality from class B to class A buildings continues.

“We are seeing increased demand across the board,” Shane Soefker, senior managing director and branch manager of Cushman & Wakefield’s South Florida offices, tells GlobeSt.com. “There still is a game of musical chairs going on as tenants upgrade their space because they can get competitive deals from landlords, but we’re beginning to see some positive movement.”

The overall vacancy rate for Miami-Dade County fell to 18.1% at the end of the third quarter of 2010. That’s down slightly from 18.4% at the end of the previous quarter. Average rental rates decreased 3.8%—or $1.16 per square foot—from $30.93 at midyear 2010, ending the third quarter at $29.77 per square foot.